# Yunhai Metal to build 300,000-ton magnesium alloy project in Qingyang, Anhui

Yunhai Metal, together with Baosteel Metal, plans to invest 10.4 billion yuan in a 300,000-ton-per-year high-performance magnesium-based light alloy and deep processing project in Qingyang County, Anhui Province.

- Type: New facility
- Announced: 2020-11-24
- Where: Qingyang County, Anhui Province, China
- Value: $1.58B (10.4B CNY)
- Status: announced
- Capacity: 300,000 tonnes per year
- Products: magnesium-based light alloys, deep-processed magnesium products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Yunhai Metal](https://endata.com/companies/51408.md)
- [Baosteel Metal](https://endata.com/companies/51409.md) (partner)

## Sources

- [gelonghui.com](https://www.gelonghui.com/news/444918), 2020-11-24: "公司、公司第二大股东宝钢金属与安徽青阳县政府，经过充分沟通和友好协商，拟共同投建年产30万吨高性能镁基轻合金及深加工项目，项目固定资产投资为104亿元人民币。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.